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of guests, big labor, obviously, about to take a devastating blow in michigan, on the verge of becoming a right-to-work state. the man poised to make it happen, putting pen to paper signing the bill into law. governor rick snider. he's going to be joining us live from the office in the state capitol. don't miss this. liz: dangerously close to going over the cliff. you know the date, december 31st. coming up, exclusively on fox business, former treasury secretary paul o'neill as sides dwindle own spendings, he has what needs to be done to get budget under control, easy ways to cut it and who should carry the burden. david: before the busy hour, what drove the markets with today's data download. stocks pushing up for hopes of a deal in the beltway. all three indexes in the green, hosting the three straight day of gains, s&p higher for the first time in two weeks. technology and health care led today's gainers. well, oil posting its first gain in six sessions today, edges higher after prices fell 4% over the past five trading sessions. crude closing the day up 23 cents a barrel at $85.79.
petallides on the floor of the new york stock exchange. protests turn violent in lansing, michigan, as union protesters ripped down a tent belonging to right-to-work supporters. becoming the 24th right-to-work states today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of wisconsin, and father of mitt romney. the large group of protesters are trying to get into the crowd and see. they have essentially ringed the entrance of the building trying to make their voices heard. they feel very frustrated. they feel this had passed in a lame duck session without the opportunity for there to be more debate about it. that i
the michigan right to work effort like he did in wisconsin and he's going to lose this one in michigan. meanwhile the economy and jobs are improving but the use of budget busting food stamps continues to soar. could the aggressive food stamp reason why? wait until you hear some of the radio ads. >>> proeb jumped head first into a right to work law today in michigan. eamon javers has the details. good evening. >> reporter: good evening. we are monitoring fiscal cliff talks. it's been radio silence from democrats and republicans in washington. they're sticking to preagreed upon talking points explaining that lines of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care o
aboard! >> wall street. which is exactly as it should be. let's go to mickey in michigan. mickey! >> caller: booyah from michigan, jim. >> i'm liking michigan. i'm liking brady from michigan. can you believe he was a walk on? >> caller: today they said their car use is up, they're hiring folks from more business. is it time to get more of discover? and second one, do you think ebay can squash them and buy them out? >> no, i don't think they'll do that. i do like ebay very much. i actually like discover. but it's mastercard, then ebay, then discover. i was a little surprised it was a little weak but the stock has had a major run. john in california. >> caller: booyah, jim, from the sacramento valley of northern california. >> what's going on? >> caller: anyway, i got -- i noticed some activity in the house building around here back around northern california, sacramento valley. my play is berkshire b. what do you think of that? >> i think it actually max sense temperature i campaigned for that to be a housing and insurance company stock. i think you're dead on, i think it's a grea
of the coverage begins at 2:00 p.m. eastern. >> meantime, tensions boiling over in michigan. big labor unleashing its fury as the governor writes a right to work legislation into law. a live report from there next. goldman sachs ceo live from the deal book conference in a cnbc exclusive. what's his take on the fiscal cliff, the economy and regulatory land scape. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >> meantime, tensions boiling regulatory landscape. >>> welcome back. i wanted to take a look at shares of berkshire hathaway. earlier, right at the open, berkshire shares were halted. it was unclear why. then we got the news, a significant repurchase of -- or purchase, i should say, of shares from a s
: and overhaul of corporate taxes. that is on the table. connell: well other states now fall after michigan. dagen: the president of stubhub is here to talk all about it. connell: first, let's get to the floor of the new york stock exchange. nicole: $1.2 billion share repurchase. they are buying back shares from the estate of a longtime shareholder. here is a look at stocks this morning. very busy. it was halted for news. there is the stock right now. almost $134,000 a share. of almost 2.5%. let's take a look at the broader market average. the dow is up five days in a row. traders say that the trend continues to the upside. the dollar is lower. back to you. connell: you mentioned bad day. first, the latest from capital hill. they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect
against michigan becoming the nations 24th right to work state. dagen: we should point out, this just gives people the option of opting out from paying union dues. that is all that it does. the governor says he will not take on this divisive issue. low and behold, he is willing to sign it when it shows up on his desk. >> the governor did not want the kind of confrontation with unions, that, for instance, you saw in wisconsin. they put on a referendum on the november ballot saying we want to constitutionally banned the right of right to work. unions defeated the governor, one of the governor's favorite laws which is this emergency manager walt which he is trying to use to desperately save michigan cities that are desperately in trouble, including detroit. connell: he was forced, in your view. he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in support of it. [talking over each other] connell: is the union movement, you know, is it over, is the tide turning? >> first of all, the second biggest organizing drive in the
in michigan. all right, nicole, what's with the stock? >> the stock on the gun owners names being released, an interesting story. let's talk about ford. down about 1/2 of a percent and all americans, everybody is waiting for more jobs and ford is doing their part and they're working and expanding in plants and michigan and looking that they will create about over 2300 jobs,200, 350, new equipment and expansion in southeast michigan. stuart: and it's in michigan, a right to work state. very interesting. nicole, thank you very much. time is money, 30 seconds. here is what else we're watching for you this thursday morning. amazing medical break through could help a lot of people next year. dr. siegle will be here and he'll show it to us. who is the media blaming for the fiscal cliff? you know the answer to that one and so does bret, ale he join us. entitlements keep rolling totally unchecked. young people are picking up the bill, but they he voted for it. we're looking at the biggest winners and losers in the s&p 500. let's start with three of the biggest losers and show you how much they've
. >>> the michigan house has approved a controversial right to work bill even as workers protested outside. that follows approval by the state senate last week. michigan governor rick snyder said he will sign that bill. more than 12,000 workers crowded into michigan state capital as legislature began debating right to work law. that prohibits unions from compelling members to be members and pay dues. security was tight. police in rite gear and carrying spray canisters on their belts. >>> what happens to the u.s. economy if we do go over the cliff? >>> the government cashes out of aig. what's next for the company and for the ceo? but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 oper
fiscal cliff. the michigan legislature voted in favor of two right to work bills giving employees and unionized shops the right to refuse to pay union dues. governor reich snyder expected to sign tomorrow even though thousands of people continue to protest outside the michigan state capitol building in lancing. it covers shops, but exempts police and firefighter unions. stub hub strikes out with major league baseball clubs and three are droppling them, yankees, chicago cub, and l.a. angels of anaheim no longer sell tickets on the website although major league baseball extended the partnership with stubhub through 2017. we continue the count down to the closing bell with the original bond girl who said, "diamonds are forever." liz claman? liz: one retailer down in the dumps, but it's shown signs of life. let's get to nicole's on the floor of the new york stock exchange. our diamond girl there. >> hey, thanks. jc penney under pressure with the idea that pronotions, sales, and coupons are not the way, but just great prices all the time. what happened? people didn't go there. people l
's for sure. >> the cliff and some of the stuff happening in michigan as well. >>> netflix received a notice from the s.e.c. regulators warning that they may bring civil action against the company and reed hastings for violating public disclosure rules by posting something on facebook. back on july 3rd the ceo posted and here's the quote netflix monthly viewing exceeded 1 billion hours for the first time ever in june which seems -- he thought that was fairly innocuous, but the s.e.c. says it violates regulation fd which is the public disclosure. you have to make full and fair public disclosure of what would be considered material nonpublic information. and hastings says this is crap. he's dismissing the s.e.c. contention saying he did not believe that the post was material on facebook. in a letter yesterday he also suggested that because the post was accessible to more than 244,000 subscribers to the page, it was very public. shares of netflix not much happened. there are other things happening with the company, too. we'll talk with an analyst who covers netflix in about 11 1/2 minutes. >>>
passed in michigan. hostess liquidates its brands after a battle with its unions leaving 18,000 without a job and now the show may not go on for some theaters on broadway as union members are authorizing a stray. just about 12% of all workers belong to a union in had country today, 12%. it's leading some to wonder does it pay to become a union member anymore. justin wills ops of the center for union facts says the union label is toxic to the label and our other guest takes a different view. justin, you say the union brand is toxic to many workers and companies. make the case. >> got to a point where the modern unionizing schemes unions doesn't call themselves unions anymore. in the case of new york city they launched a campaign to try to unionize the fast food restaurant. they didn't call it the fast food restaurant unsions, they called it fast food forward. at this point i think unions are finally realizing that their brand is so toxic that they actually need to start rebranding themselves because frankly they haven't been willing or capable to actually adjust to a 21st century economy
. let's go to dan in michigan as i ignore the buzzer. dan. >> caller: hey, jim, thanks for taking my call and thanks for helping me trying to understand the stock market. >> my pleasure. ford which seems to be finally doing well. do you think i should hold on to ford or invest in toyota? >> no, i think europe could turn for them. they've taken their medicine. the united states is good. i think ford is going to finally run. let's go to dan in michigan as i ignore the buzzer. dan. >> caller: hey, jim, thanks for taking my call and thanks for helping me trying to understand the stock market. >> my pleasure. thank you so much for the kind words. >> caller: my question is about weyerhaeuser. symbol wi. it's close to its 52-week high. do you think taking some profits -- >> no, no! i think this is a great housing play. i think 2013's going to be big. wy, actionalertsplus.com, we are not a seller. we are a buyer! let's go to james in ohio, please, james. >> caller: yeah, hi, jim. this is james from ohio. >> all righty. >> caller: i'm a big fan of you. what's your opinion on next era energy?
minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for
you. >>> coming up, why as many as 10,000 union workers are expected to march on the michigan capital today. if you get a chance, read the lead editorial on the "wall street journal." this might bring us some things you haven't thought about. plus, which bank has the best customer -- a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. where you stand, turn to us. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry ab
is as the weather got bad yesterday there was a bunch of warm air over lake michigan and that melted the snow and turned it into a nasty cold rain. they had the flights that were delayed yesterday. they have eaten up the access that was created from that. as we look now at the big board it's not very big. the flights that are out there have those magic words attached "on time." getting the flights out of here. we do see significant delays but they are really on either cotion. you -- coast. you can't blame the delays. >> harris: i only counted six flights they did say on time. chicago catching a break but what about the rest are of the midwest? >> in terms of weather. the rest of the midwest got clobbered. wisconsin really got clobbered in dain county where madison is, up to 20 inches of snow. iowa sees snow that rivals the records they set in 2009 or the levels they set in 2009. you have also got tens of thousands of people without power and that's because the wind gusts got up to 50 miles per hour, harris. >> that is tough. it's pretty chilly to be without electricity. we know that all too w
. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard medicine now. do we want pay now and better later, or suffer now and not be better off later. lots of fixing to do. if we get a stronger growth path for taking more heart medicine now, that bodes well for the entire economy including auto sales. david: your bi are basically wht a compromise compromise will not solve anything. right? >> or worse, some that just extends the uncertainty. eventually compromise anything. no compromise at all because that is what is killing us right now, we're just played with this vast amount of uncertainty. business is almost paralyzed afraid to move forward with hiring, investing and is paralyzing the whole economy really been abll to move forward. david: how many folks are really
and you might have noticed, joe, we had quite a good backup quarterback, a rookie from michigan state, kirk cousins. >> and we've got johnny football, freshman. >> freshman, won the heisman. >> he could win four heismans. >> i was hoping your bengals were going to help us out yesterday. >> you know what, john? i was hoping you were not going to bring that up. i've heard people say this, i want my three hours back. i want my three hours back. they were leading until zero time. they were leading until zero. i mean, that's -- if you've been a bengals fan for 20 years, nothing surprises you any more. they were so much better than dallas through the entire game. i feel okay because dallas wag was dealing with some stuff and maybe they won it for the guy that unfortunately lost -- you know, i could see they were playing a little bit inspired. it's better that the bengals do it now than in the first playoffs game. >> the jets won yesterday keeping their playoffs alive. >> here is my question about the bengals. do you see them as still on the rise? >> you didn't see the game? because they wer
for the northern suburbs. in the city itself, i'd say near 2 inch of snowfall. northern michigan, he could see fairly significant snow, some places up to a foot or so. but that snow, that system which means so much to millions of americans is going to drive its way eastward, bringing rain, strong storms ahead of it and what you can expect point by point. eastern third of the country, pretty quiet, at least along the coast. it's the ohio valley, mid mississippi valley where you can have snow and rain. let's wrap it up and send it back to you. >> perfect. reynolds wolf, if you're just joiningous "worldwide exchange," these are your headlines. the boj increases asset purchases for the on ferd time since august. it could be announced today. brinksmanship continues as president obama threatens to veto john boehner's plan b for the fiscal cliff. >>> and russia's richest man, alisher usmanov was one of a group of early facebook investors who achieved spectacular returns. geoff cutmore asked mr. usmanov just what prompted him to make that investment in the first place. >> what i saw in facebook from t
. michigan's blow to the organized labor movement. adam shapiro and melissa francis are up next. ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number expernce. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperate-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the supportouour body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of r 400 sleep number stores nationwi. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30% savings. dennis: aig, four years after that horrible meltdown will sell off a
live in pontiac, michigan, with more. >> i'm surrounded by the team that put this together. all these folks you see are the ones who put together the gm sierra and silverado pickup. we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at where the strike is a and look t the pent-up demand. >> this is a huge vehicle for gm, the best-selling of all gm vehicles. a quick look at what they unveil look like, a really exciting unveil. harkening back the old old days where they blew things up and crash cars through things. a big unveiling for g gm. good luck to them, they will need it. ashley: love the fireworks. jeff flock, thank you very much. tracy: talks in washington s
the president in michigan. tracy: loud anddclear. housing short sales job ahead of new year tactics changes. one expert will tell us how it can impact the fragile recovery. ashley: first, a look at some of today's winners and losers. these stocks are doing well. cisco up about 2%. we will be right back. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickl try fast, long lasting gaviscon®. ashley: the department of justice antitrust division breaking records this year. rich edson has the exclusive details. rich: the most in the 122 year history. nearly 50% increase over 2011. this data provided exclusively to fox business. it was confirmed by the justice department. or then a half billion dollars to auto department and executives. those and several other small the antitrust division says the ongoing investigation into other auto department companies could set up 2013 as another record-breaking year. >> we have other wide ran
's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries twice. but if we can do those things we think manufacturing will start coming back. it's not going to really happen in a major way in '13. but you know, '14, '15, these benefits will start to accrue to the economy and if it looks like there's a real strong case for a pickup in earnings growth, in '14, then the market will start to price that in the backup of '13. >> we spend so much time talking about what's going to happen in washington over the next 20 days. it's nice to actually have a conversation about what will happen in the next twelve months. brarry, thank you so much. >> i had to force myself to do it. >> barry knapp at barclays in new york. thanks, man. where's the love for the twinkie? today
? >> we're looking for university of michigan, and it should come out momentarily. 72.9. so 72.9 on university of michigan sentiment survey. of course, this is the december final. it's going to be comped to 74.5. but that's a little bit disingenuous. it really should be comped at 82.7. that was the final reit to last month. we definitely take a bit of a backup here. how does 72.9 fit in. we vice president been below 72 point 9 since july. it was 72.3. maybe a little bit of a disappointment. of course, last night's issue with the vote, obviously didn't make the survey. but it will make the survey of what the markets try to define for the rest of the day. back to you. >> all right. thank you, rick santelli. jim, you know, let's talk about what's on "mad" tonight. >> tipco is one of these stocks, there's a bunch of them, i mentioned red hat. these are companies, s.a.p., oracle, you bring them in and you save money. you go to harrah's, and it's put together by their team. you know when you go into amazon, david let's say you like books on gardening, the next thing i know it puts yo
. >> nbc property. >> looking pinub in all the wrong places. >>> a major investment in michigan, that story next, and more from our guest host who is once, twice, three times a bank ceo. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "squawk box." dow looks like it would open 25 points higher, up almost two points, the nasdaq a little over close to two and a half points. making headlines, ford plans to invest more than $773 million in new equipment and capacity expansion across six plants in southeast michigan. the automaker has committed to invest $6.2 billion in u.s. plants by 2015 as part of an agreement with the uaw. >>> coming up, our guest host this morning has been john can his, chairman and ceo of bank united. we are going to give him the last word. easy like sunday morning when "squawk" returns. ...so as you s customer satisfaction is at 97%. mmmm tasty. and cut! very good. people ar
bernanke. >>> and michigan's governor makes history, turning a one-time union powerhouse
arbor, michigan, is domino's ceo patrick draw. patrick, are you -- can you do this? i really should recuse myself. i had -- >> he's already been eating the pea sxwap. >> and last night i ordered two pizzas and garlic bread. it was like $31, patrick. you guys are -- you're doing all right for yourself. i have to let becky do this interview because i'm bias. >> and did you deliver those pizzas? i don't think you did. i think we already did some -- how is pizza? you redid the menu. are you where you want to be in terms of the new menu and quality at dominos? >> yeah, we absolutely are. business has been great the last couple of years. you know, through the third quarter it was still strong this year. worry about europe a little bit. we've still held together there. that's the region of the world we worry about more than others. asia is still strong. latin america has held up pretty well. >> do you have plans to get any healthier? is that something -- i'm not saying you're not, but you know the way to political winds are blowing, you've seen mcdonald has some success and, you know, we'r
a statement, markets pulled back. they had rallied back after the university of michigan data. they were back at the morning's highs. people said, wait a minute. if it's a deal, wouldn't both of them be making a statement. it's something that you keep in the back of your mind. if you ever hear they're going to make a joint statement, the mashlt will probably take off, sensing that that's the deal. this morning they pulled back in anticipation of his speaking because he was speaking along and then they pulled back on his statement which seems edseemed progress so far. >> it might be a free pass. so many different variables. sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >
of things. a stretch of michigan could see mixing. into friday the system makes its way to the east coast. new york dealing with rain in the morning. d.c. may be safe from that. on the back side, a lot of us will be cooling down. a big-time travel week, especially toward the holiday season. so a number of things to keep a close eye. and saturday almost all the -- close eye on. and saturday almost all the snow is lake-effect snow. the eastern edge of the lakes through western p.a., western new york, the better chances for some of the snow with that system. a lot to watch there, guys. >> all right. and you don't -- that's all loaded into your thing. you press -- press it, and it just -- it happened. you don't have like -- you're not pressing snow. you don't have like a rain button or sleet button. you can't just turn that into sleet, can you? >> if i could do it, i would turn atlanta into a ski town. >> that would be good. in denver now, do you know, is it going better than last year -- in the reeks there, do they have a better base? is it looking good for the season, do you know? >> so far
Search Results 0 to 31 of about 32 (some duplicates have been removed)

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